Tag Archives: Buangkok

The government will place eight residential sites on the confirmed list of the Government Land Sales (GLS) Programme for the first half of next year. These include four new sites and four that are carried over from the GLS Programme for the second half of this year.

The National Development Ministry (MND) said on Friday that these new sites can potentially yield about 2,925 residential units.

In addition, the reserve list for the first half of next year will have 16 residential sites and two mixed use sites. Of the 18 sites, six are new and 12 will be carried over from the GLS Programme for the second half of this year.

MND said in total, these 18 sites can yield about 7,625 private residential units. It added that there will be a total of five executive condominium sites under the GLS Programme for the first half of next year – two under the confirmed list and three under the reserve list.

All the sites in the GLS Programme for the first half of next year are located in the suburban or city fringe areas where more affordable private housing are expected to be built. Continue reading →

The Singapore government is boosting the supply of private residential sites in the first half of next year.

It has announced new sites for sale, which could yield over 10,500 homes – the highest number of units since the Government Land Sales (GLS) Programme started in the second half of 2001.

The Urban Redevelopment Authority (URA) said on Friday that in deciding supply, it looks at market conditions and medium-term demand.

Demand has been buoyant, with over 5,700 units sold in the third quarter of this year alone – more than the total number in 2008.

While demand has cooled off slightly, following high prices and moves by the government to curb a speculative bubble, observers believe the property market is on the mend.

For the whole of 2009, regular land sales through the confirmed list were suspended due to poor market conditions. But scheduled sales will resume next year, with a site in Buangkok being one of the largest on offer. Continue reading →